Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$44,700$44,700$202,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$157,710$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.636%7.640%
1st payment$269.22$269.22$1,401.45
2nd payment$0.00$1,051.40$0.00
Taxes / mo$72.67$72.67$72.67
Insurance / mo$150.00$150.00$150.00
MI / mo$33.59$33.59$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$525.47$1,576.87$1,664.59
Cash to close$180,200$22,490$22,490